SCOPE OF THE INSURANCE AND RISKS INSURED
The risk of revenue loss due to the yield change and the crop price differences after harvest, resulting from the drought, frost, hot wind, heat wave, excessive moisture, excessive precipitation, hail, wind, storm, fire, land slide, earthquake, flood and inundation, wild boar attack and similar reasons, is covered within the framework of the General Conditions & Tariff and Instructions for wheat product produced in agricultural areas registered in the registration system determined by the Ministry of Agriculture and Forestry.
The stem part of the wheat product can optionally be covered with an additional premium.
POLICY ISSUANCE
In order for the farmer to carry out the insurance operations, they must first have updated their records in the registration systems determined by the Ministry of Agriculture and Forestry regarding the land and crop of that year. The farmer, who has updated his/her records in the registration systems determined by the Ministry of Agriculre and Forestry, applies to the insurance company or agency that is a member of the Agricultural Insurance Pool (TARSİM) to insure his/her crop. The insurance company or agency enters the system of Agricultural Insurance Pool (TARSİM) and makes inquiries regarding farmer’s information. For the issued policy, Clarification Text, Policy Information Form and Policy printouts within the scope of the Personal Data Protection Law (KVKK) are sent by TARSİM to our insureds as SMS or e-mail, depending on their preference. In case the insured prefers to take the printed policy; the agency takes the Clarification Text, Policy Information Form and Policy printouts within the scope of the Personal Data Protection Law (KVKK) from the system in two copies and gives one copy to the insured in return for his/her signature. Then the agency issues the policy as two copies and hand out the one to the policy holder / insured.
PREMIUM PAYMENT
In Revenue Protection Insurance, 60% of the premium written in the policy is subsidized by the Government.
15% of the premium to be paid by the insured is taken in advance, the remaining premium is collected at the latest within 1 month from the end of the policy.
CLAIM NOTIFICATION / LOSS ADJUSTMENT / PAYMENT PROCESSIn case of the planted seed does not emerge, the insurent/insured is obliged to notify any damages that may occur until 31st of January of the year the contract was concluded or by 31st of December of the year following the year in which the contract was concluded. There is no obligation for the insured to report damages occurring after this date.
The difference between the actual revenue of the parcel and the protected revenue value of the parcel is taken as the basis in the calculation of the indemnity. In case the actual revenue value of the parcel for the relevant year remains below the protected revenue of the parcel, the insured grower shall be entitled to receive indemnity. In case the actual revenue value of the parcel is equal to or above the protected revenue value of the parcel, no indemnity payment shall be made for the relevant parcel. Other issues concerning the indemnity amount are determined in accordance with the guidelines specified in the tariffs and instructions.
The amount of indemnity within the scope of the General Conditions is determined and paid to the insured within 45 days at the latest after the determination of the realized yield and the realized price.